Watkin Jones Share Discussion Threads

[melody9999] 21/10/2018 21:46

31/10 for TU I believe

[clausentum] 17/10/2018 16:47

There should be a pre-close trading statement in 2 weeks.

[rivaldo] 12/10/2018 14:50

News - WJG successful in obtaining another build-to-let planning approval:



"£15m high-rise Belfast project given nod by planners
October 11 2018

Plans for Belfast's first 'build to rent' apartment scheme have been given the thumbs-up.

The £15m project in the Cathedral Quarter is expected to create 110 jobs.

Belfast City Council officials have completed a report recommending the green light for the 16-storey building on Academy Street, between Ulster University and The MAC. It will go before the City Hall's planning committee on Tuesday.

The application from Holywood firm Lacuna and Welsh and developer Watkin Jones for 90 units was downsized from an original 19-storey structure with 105 units. Made up of 60 two-bed and 30 one-bed apartments, the project will require the demolition of an existing building that has been vacant for more than a decade.

etc"

[uncle john] 05/10/2018 09:31

Undervalued and MACD showing momentum on chart,
Similar undervalue and a positive MACD at LAS.L
Worth a look,
DYORetc

[its the oxman] 05/10/2018 08:30

Back to 220-230p range hopefully. Decent prospects here.

[skinny] 05/10/2018 08:22

A possible re-rating under way.

[rivaldo] 04/10/2018 14:43

Cheers cf456 - that seems to have moved the needle upwards.

Perhaps you (or someone else) could copy it here in a day or two once the buyers have had a chance to move in.

[santangello] 04/10/2018 12:07

It would be nice to finally break out of this narrow trading range WJG has been stuck in for what seems an eternity.With SETS though, I won't hold my breath.

[waketaker] 03/10/2018 16:33

hxxps://www.dailypost.co.uk/business/business-news/glyn-watkin-jones-60-years-15228772

[quepassa] 03/10/2018 15:25

Let's hope ED can fix up some investor presentations from the new CEO in early 2019

[rivaldo] 02/10/2018 10:57

Peel Hunt reiterate Buy with a 240p target:

[edmonda] 02/10/2018 08:26

after yesterday's news of £180m forward sales to KKR / Round Hill, updated ED research note now out .

Freely accessible here:

[quepassa] 01/10/2018 08:41

Agree re 1614.

Things have gone really off the boil since Mark Watkin Jones announced his surprise departure.

Even though Watking Jones Group keep on doing well, the spark has gone.

The Company need to go on a charm offensive if they wish to recapture investor excitement.

The new CEO doesn't start until January ( can anyone recall his name without checking? - I can't) and Watkin Jones Group comes across as totally rudderless.


ALL IMO. DYOR.
QP

[jonwig] 01/10/2018 08:37

It's a JV, which will have made marketing a lot easier. And I don't think they've failed to forward sell any student accommodation project. In that sense it's not really newsworthy.

I'm keener to hear about their BTR plans - that would be an event!

[2vdm] 01/10/2018 08:18

I agree with you Rivaldo and am I'm a bit surprised that the share price ha barely moved.

[rivaldo] 01/10/2018 07:23

The news of a £180m forward sale of up to 5 new developments is terrific, providing even better forward visibility of revenues and profits.

Interestingly this is KKR and Round Hill's first joint investment in the UK student housing market, which says a lot for WJG's reputation.

The City should love this news.

[skinny] 01/10/2018 07:14

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, is pleased to announce that the Group has completed the forward sale of a portfolio of four purpose-built student accommodation ('PBSA') development schemes to a joint venture between KKR and Round Hill Capital ('Round Hill') (the 'JV'). The Group has also exchanged an option agreement with the JV, conditional on full planning consent, for a fifth PBSA scheme in Bristol (the 'Portfolio').

The consideration payable to Watkin Jones over the course of the four forward sold developments is circa £180 million, net of all client funding and acquisition costs. This will be payable over the period September 2018 to September 2020. Additional consideration in respect of the Bristol scheme will be agreed once the option is exercised.

The JV invests in student accommodation through multiple strategies including acquiring existing assets, developing new PBSA, forward-funding and repositioning assets across select university towns and cities in the UK, Spain, Netherlands and wider Europe. This is the first student housing transaction for KKR and Round Hill through their JV in the United Kingdom.

The portfolio consists of 2,163 student accommodation beds and associated commercial use classes. Four of the schemes have planning consent granted with Bristol in the planning process. Further information on the five developments is detailed in the table below:

more.....

[hopefuldave] 20/9/2018 16:47

How strange? The shares went down 6p, in one minute before close.why?

[skinny] 19/9/2018 07:23

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, is today hosting a site visit for analysts and investors to Duncan House in Stratford, one of the Group's London based developments.

Attendees will see the progress being made at Duncan House, a mixed use development on Stratford High Street offering 511 beds of purpose built student accommodation, 23 private residential apartments and 22 affordable shared ownership housing apartments. The scheme also provides a four-storey academic block (2,786 sq.m.) designed to accommodate potential teaching spaces, lecture theatres and dining facilities. The development is anticipated to be completed in the summer of 2019 ahead of the start of the 2019/20 academic year.

There will be no formal presentation distributed during the visit and no new material trading information will be given. Further information on the Group's performance will be released in the FY Pre-Close Trading Statement on 31 October 2018.



- Ends -

[jonwig] 11/9/2018 14:52

Woodford is distressed through fund redemptions, though obviously that may not be the reason this time. I wouldn't give his dealings any credence at all!

[cordwainer] 11/9/2018 14:41

looks like we have a seller

[rivaldo] 10/9/2018 09:25

Good news - WJG's 345 bed student scheme in Bristol has been recommended for approval:



"345-bed student development poised for approval
5 Sep 2018

A 345-bed student development on the site of a dance studio and car park in Bristol has been recommended for approval.

The project, which comes from listed property developer Watkin Jones, also includes the refurbishment of a grade II-listed Georgian townhouse.

If approved, the development would be up to six storeys high with solar panels on roofs, and two commercial units on the development's ground floor.

The report to be considered by the committee reads: "The proposals would consist of three development blocks, fronting Wilder Street, Upper York Street and Backfields, with a central courtyard for use by the student occupiers.

"The blocks would range from between six and three storeys in height, with the lowest parts of the new buildings either side of the listed building and within the Conservation Area.

etc"

[rivaldo] 05/9/2018 08:47

...and news of another large development proposal:



"Plans revealed for 775 city centre flats

Plans to build up to 775 apartments in the Waterside area of Leicester have been revealed by developer Watkin Jones.

The firm wants to develop a site between All Saints Road and Jarvis Street. Some 500 apartments will be for students, says Watkin Jones.

The site has been home to warehouses in the past, but is now vacant.

Watkin Jones says the number of apartments is “indicative” at the moment, and has lodged a Screening Opinion request with Leicester City Council to try and work out whether the scheme would have any impact on the environment because of it scale and size. It would be between five and 12 storeys high.

Leicester City Council’s planning department will now consult to see if the scheme will have any impact on the city’s environment."